Disclaimer: I have been posting on potential trading app scams and got information on another app by a acquaintance. Please make your own investment decisions


Brief Description of Aureston Capital Trading Scheme

The team, led by investment gurus Elice and Thorian Chen, claims to be part of Aureston Capital, an investment company based in the USA. They first provide investment tips on WhatsApp and agree to cover 80% of your loss and allow you to trade on other apps like Moomoo. After some time, they will offer an incentive to join their "Aurst" App, which is available on Google and the App Store. They allow you to extract profit, and then if you subscribe to an IPO or FPO, they will confiscate your account. It seems Thorian Chen has profiles on some finance websites.



How did the person get scammed?

This guy had read the posts about scams on Lowyat and avoided subscribing to IPO. One day he subscribes to the daily trading, and suddenly IPO transactions show up in his logs. Elice replies by saying that since the timestamp is near the day trading activity, the user must have subscribed and they have to pay upfront for the subscription to get their account access back

Lead Investor is called Elice and Thorian Chen








Screenshots showing the person escalating















Screenshot of bank account






If anyone has come across this app please share experience

Looks like total scam

IPO through app, pay to weird company (not investment bank)

But why... INARI? This counter ady listed N years ago.
No matter its scam or technical error or wat, IPO for INARI already does not make sence
Or did i missed out somewhere?

Why do you have so many scams ya?

You should know that transaction logs can be amended such as added, dropped, or modified.

It's not hard. All you know is a few lines of SQL.

The company was flagged under BNM -

Potential clone entity – Aureston Capital Partners / AURST

i thought you have posted before?

why need a new thread again?

https://forum.lowyat.net/index.php?showtopic=5528917&hl=

https://forum.lowyat.net/index.php?showtopic=5530460&hl=

This post has been edited by GalaxyV: Jul 7 2025, 01:56 PM

Confirm scam la

similar case with a friend of mine, scammed by rm150k+, transfer willing to the scammer !!!!

I have been exploring these scam groups through facebook ads. They do give good stock tips. Will be doing some more insider work and posting to warn people.

Im posting to highlight different scam companies, hoping someone will Google before investing and not get scammed.

Inari is the day trade stock which they offer for daily investment. The two stocks on top are for IPO

also came across this . SEC posted on this company https://www.sc.com.my/resources/media/inves...t-as-at-2052025

Oh, I thought you kena scam

It seems these scammers are deliberately targeting new or inexperienced share investors — those still learning the ropes and more likely to fall for quick-profit promises.

Seasoned investors know better than to trust stock tips from social media or WhatsApp groups. But for greenhorns, the mix of unfamiliarity, urgency, and false credibility makes them easy prey.

In this game, experienced investors pay their tuition fees to the market.

The ignorant ones? they end up paying theirs… to the scammer.

Better you faster report police

If you wanna trust stock tips, you don’t need to use their app.

Just use your own bank or brokerage app.

At least if rugi, it’s because the investment went south, not because of scam.

cause he doesn't want to believe...

maybe need to get scammed first then believe...

I got scammed from a similar one some time ago and noticed that no one posts their experience as it's embarrassing. i am trying to help other people not get scammed or at least make a proper decision as there is no review for these scams in Malaysia

haha

which one you kena scammed? May be one thread for all will help!